Commercial Real Estate Market in Olivia, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 209 off-market properties in Olivia, MN.
Market Trends
Olivia, MN spans 111.1 square miles in Renville County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Olivia, MN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Olivia, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Olivia, MN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Olivia, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 51.2%
- Industrial 20.4%
- Commercial 18.9%
- Residential 9.5%
Largest Zones share of zoned land by district
Low Density Residential District
Highway Business District
High Density Residential District
Heavy Industry District
Light Industry District
Low Density Residential District (R-1)
The R-1 District is intended to provide for low density residential development with a limited number of institutional and recreational uses permitted. The district is designed to protect residential areas now developed and to regulate the efficient use and orderly development of vacant land designated for residential uses. The regulations are designed to pr…
Market overview
Demographics & Economy
Olivia, MN has 2,950 residents in 1,422 households. Density runs 27 people per square mile. Median household income here is $69,265 and median gross rent $765 a month.
2,950
Population
1,422
Households
2.1
Avg Household Size
42
Median Age
21%
College-Educated
93%
High-School Grad
111.1 sq mi
ZIP Area
27
Density / Sq Mi
$69,265
Median Household Income
$38,984
Median Earnings
$765
Median Rent
$178,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bird Island | — | — |
| Danube | — | — |
| Renville | — | — |
| Blomkest | — | — |
Frequently Asked Questions
Where does Realmo's Olivia market data come from?
Realmo compiles Olivia, MN figures from 7 recent recorded sales, 1 active sale listings, 209 tracked off-market properties, the current Olivia zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Olivia, MN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 1,558 zoned acres across 8 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
